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Trusted FX brokers in Greece
Trading Forex in Greece is both legal and well-regulated. The country's developed economy, driven by its services sector, has led to the popularity of Forex trading, particularly due to its advanced financial services. With a robust telecommunications network, traders can easily access financial markets round the clock. Trusted Forex brokers in Greece are overseen by the Hellenic Capital Market Commission (HCMC), the regulatory authority responsible for supervising the Greek capital markets, including Forex trading and brokers. Retail forex traders within the European Union, including Greece, also adhere to regulations set by the European Securities and Markets Authority (ESMA). Below, we have compiled a list of the top Forex brokers in Greece, prioritizing maximum security and convenience for traders.
Greece imposes a capital gains tax of 15% on Forex trading profits, placing it within the average tax range. Greece Forex brokers operate under the watchful eyes of both ESMA and HCMC, resulting in restrictions on the maximum leverage they can offer to retail FX traders. For major currency pairs, the maximum leverage is set at 1:30, while non-major currency pairs, gold, and minor indices are capped at 1:20. Commodities other than gold and non-major indices have a maximum leverage of 1:10, individual stocks can be leveraged up to 1:5, and cryptocurrencies can be traded with a maximum leverage of 1:2. The best Forex brokers in Greece also participate in a compensation scheme that provides coverage of up to 330,000 Euro in case of insolvency for eligible investors.